Persimmon Improves Completion Guidance Despite ‘Challenging’ Housing Market
Persimmon said improved private sales and stronger first-half trading keep it on track for about 12,500 completions in 2026.
- On Thursday, Housebuilder Persimmon reported a strong first half, with home completions rising 13% to 5,189 and group revenues increasing 15% to £1.73bn for the six months to June 30.
- Group Chief Executive Dean Finch cited 'affordability constraints and build cost pressures' as ongoing sector challenges while emphasizing the company's focus on operational efficiencies and disciplined land investment.
- Underlying operating profit rose 10% to £189.1 million and pre-tax profits climbed 15% to £168m, while Persimmon reported a 30% increase in utilizing its proprietary Space4 timber frame construction system.
- Persimmon remains '80 per cent secured' on private completions for the full year and expects to complete around 12,500 homes in 2026, positioning the firm at the 'upper end' of its previous guidance.
- Net private sales grew 6% through June, though Persimmon notes open market sales have 'softened slightly in recent weeks' while remaining 'well-placed to drive further growth through our unique set of capabilities.
10 Articles
10 Articles
'Rosy outlook': Persimmon delivers upbeat trading update despite 'challenging' housing market
York-headquartered housebuilder Persimmon has said it expects to deliver home completions at the “upper end” of targets, despite a challenging property market.
Persimmon improves completion guidance despite ‘challenging’ housing market
Group revenues lifted by 15% to £1.73 billion for the six months to June 30, compared with a year earlier.
Persimmon’s completions and profit up
Persimmon’s completions and underlying operating profit grew in its half year, while in recent weeks, open market sales have “softened”. Announcing its results for the six months to June 30 2026 today (August 6), the volume housebuilder said it had increased its market share with new completions up 13% against H1 2025 to 5,189, at an average sales price of £285,752, slightly up on last year’s £284,047. READ THE FULL ARTICLE
York’s Persimmon ups first-half revenue 15% to £1.73bn – Northern Financial Review
York-based house building giant Persimmon plc said its first-half revenue rose 15% to £1.73 billion and first-half profit before tax rose 15% to £168 million in the six months to June 30, 2026. Interim dividend per share was maintained at 20p. Persimmon reported: “Increased market share, with total completions up 13% to 5,189 … “On track for completions of c.12,500 homes for the full year, at the upper end of previous guidance; underlying profit…
Coverage Details
Bias Distribution
- 80% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium





